Healthcare benefits to be tacked on to our Gross Income now? - Chicagoland Sportbikes
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post #1 of 8 (permalink) Old 05-24-2010, 12:06 PM Thread Starter
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Healthcare benefits to be tacked on to our Gross Income now?

I hear that they will be quantifying our healthcare benefits now and adding that to our gross income next year. Thus we will pay taxes on a higher gross. I guess this could also push some of us into a higher tax bracket.

I suppose this is partly how they are paying for this new healthcare reform bill.

Did anyone hear about this?
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post #2 of 8 (permalink) Old 05-24-2010, 12:20 PM
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Hear it will be broken out on your W2, but nothing saying it will be added to gross income. Src..?

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post #3 of 8 (permalink) Old 05-24-2010, 12:25 PM Thread Starter
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Hear it will be broken out on your W2, but nothing saying it will be added to gross income. Src..?
Thats what I'm saying, why would it need to be broken out on our W2 if anything at all if it didn't have anytihng to do with our taxes?

i got this email, and you know how email chains go. thats why I'm skeptical.
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post #4 of 8 (permalink) Old 05-24-2010, 12:37 PM
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Thats what I'm saying, why would it need to be broken out on our W2 if anything at all if it didn't have anytihng to do with our taxes?

i got this email, and you know how email chains go. thats why I'm skeptical.
My HSA stuff was on my W2, but I don't pay taxes on it. *shrug*

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post #5 of 8 (permalink) Old 05-24-2010, 12:44 PM Thread Starter
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Yeah, I'm not sure how HSA is going to be handled for this since it is pretax.

If I start getting taxed on my healthcare benefit, thats BS.

Whats next, taxing my company's 401K match too?

fuck this health insurance bullshit why do I need to pay more for something that is working perfectly fine for me?
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post #6 of 8 (permalink) Old 05-24-2010, 02:43 PM
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I pay Income tax on the portion of my benifits package that is taxable under current law.

The new HC law does require reporting the value of your health benefits, but IF I have any memory still left, I think that only the plans with an annual value over something like $3500 are taxed.

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post #7 of 8 (permalink) Old 05-24-2010, 02:44 PM
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Whats next, taxing my company's 401K match too?
That is already taxable, you just pay it when you withdraw it, not when it's put in.

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post #8 of 8 (permalink) Old 05-24-2010, 02:46 PM
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Cannot see that happening. This would discourage people from having coverage or at least push people towards the least expensive plans with their employers.

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